W.E. TRADE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
W.E. TRADE
Largest movements
- Receivables within one year -€224,228
down €224,228 (-38.7%), from €579,722 to €355,494
of which Trade receivables: -€253,239
- Tangible fixed assets -€55,103
down €55,103 (-4.6%), from €1.2m to €1.1m
of which Land and buildings: -€69,946
- Cash +€39,472
up €39,472 (+5.2%), from €762,892 to €802,364
mainly Receivables within one year (+€224,228) and Depreciation (+€119,103)
- Debts after one year -€82,560
down €82,560 (-14.1%), from €584,652 to €502,091
- Trade debts -€78,239
down €78,239 (-23.8%), from €328,536 to €250,297
- Contributions -€63,000
down €63,000 (-71.6%), from €88,000 to €25,000
- Reserves +€35,094
up €35,094 (+3.1%), from €1.1m to €1.2m
of which Distributable reserves: +€35,094
- Gross operating margin -€350,378
down €350,378 (-40.4%), from €868,315 to €517,937
- Taxes -€105,912
down €105,912 (-81.5%), from €129,990 to €24,078
- Financial income -€30,362
down €30,362 (-50.7%), from €59,884 to €29,522
- Financial charges +€11,365
up €11,365 (+20.8%), from €54,710 to €66,075
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,556,613 | €2,338,394 | -€218,219 | -8.5% |
| Fixed assets | 21/28 | €1,185,637 | €1,130,535 | -€55,103 | -4.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,185,637 | €1,130,535 | -€55,103 | -4.6% |
| Land and buildings | 22 | €1,045,987 | €976,041 | -€69,946 | -6.7% |
| Plant, machinery and equipment | 23 | €80,267 | €112,281 | +€32,014 | +39.9% |
| Furniture and vehicles | 24 | €59,383 | €42,213 | -€17,170 | -28.9% |
| Current assets | 29/58 | €1,370,976 | €1,207,860 | -€163,116 | -11.9% |
| Stocks and contracts in progress | 3 | €18,320 | €29,710 | +€11,390 | +62.2% |
| Stocks | 30/36 | €18,320 | €29,710 | +€11,390 | +62.2% |
| Amounts receivable within one year | 40/41 | €579,722 | €355,494 | -€224,228 | -38.7% |
| Trade receivables | 40 | €570,991 | €317,751 | -€253,239 | -44.4% |
| Other amounts receivable | 41 | €8,731 | €37,743 | +€29,012 | +332% |
| Cash at bank and in hand | 54/58 | €762,892 | €802,364 | +€39,472 | +5.2% |
| Deferred charges and accrued income | 490/1 | €10,042 | €20,291 | +€10,249 | +102% |
| Total equity and liabilities | 10/49 | €2,556,613 | €2,338,394 | -€218,219 | -8.5% |
| Equity | 10/15 | €1,227,530 | €1,199,624 | -€27,906 | -2.3% |
| Contributions | 10/11 | €88,000 | €25,000 | -€63,000 | -71.6% |
| Reserves | 13 | €1,139,530 | €1,174,624 | +€35,094 | +3.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,120,780 | €1,155,874 | +€35,094 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,329,084 | €1,138,770 | -€190,313 | -14.3% |
| Amounts payable after more than one year | 17 | €584,652 | €502,091 | -€82,560 | -14.1% |
| Financial debts | 170/4 | €584,652 | €502,091 | -€82,560 | -14.1% |
| Amounts payable within one year | 42/48 | €744,432 | €636,679 | -€107,753 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €102,550 | €82,560 | -€19,990 | -19.5% |
| Trade debts | 44 | €328,536 | €250,297 | -€78,239 | -23.8% |
| Suppliers | 440/4 | €328,536 | €250,297 | -€78,239 | -23.8% |
| Advances received on contracts in progress | 46 | €2,279 | €2,279 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €122,777 | €104,015 | -€18,762 | -15.3% |
| Taxes | 450/3 | €96,389 | €77,429 | -€18,960 | -19.7% |
| Remuneration and social security | 454/9 | €26,388 | €26,586 | +€198 | +0.8% |
| Other amounts payable | 47/48 | €188,290 | €197,528 | +€9,238 | +4.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €133 | €0 | -€133 | -100% |
| Remuneration, social security and pensions | 62 | €196,406 | €195,196 | -€1,210 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,916 | €119,103 | -€1,813 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,276 | +€8,276 | |
| Other operating charges | 640/8 | €40,182 | €43,017 | +€2,835 | +7.1% |
| Gross operating margin | 9900 | €868,315 | €517,937 | -€350,378 | -40.4% |
| Operating profit (loss) | 9901 | €510,811 | €152,345 | -€358,466 | -70.2% |
| Financial income | 75/76B | €59,884 | €29,522 | -€30,362 | -50.7% |
| Recurring financial income | 75 | €59,884 | €29,522 | -€30,362 | -50.7% |
| Financial charges | 65/66B | €54,710 | €66,075 | +€11,365 | +20.8% |
| Recurring financial charges | 65 | €54,710 | €66,075 | +€11,365 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €515,985 | €115,792 | -€400,193 | -77.6% |
| Income taxes | 67/77 | €129,990 | €24,078 | -€105,912 | -81.5% |
| Profit (loss) for the period | 9904 | €385,995 | €91,714 | -€294,281 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €385,995 | €91,714 | -€294,281 | -76.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.